CORPORATIONS ACT 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.10
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MARKET MISCONDUCT AND OTHER PROHIBITED CONDUCT RELATING TO FINANCIAL PRODUCTS AND FINANCIAL SERVICES
Division 3
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The insider trading prohibitions
Subdivision B
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The prohibited conduct
SECTION 1043N
1043N
RELIEF FROM CIVIL LIABILITY
In proceedings against a person under Part 9.4B (including under section 1317HA ) relating to a contravention of subsection 1043A(1) or (2) , the court may relieve the person wholly or partly from liability if it appears to the court that:
(a) in any case - the circumstances in any of the sections referred to in subsection 1043M(1) applied; or
(b) in the case of subsection 1043A(1) - the circumstance referred to in paragraph 1043M(2) (a) or (b) applied; or
(c) in the case of subsection 1043A(2) - the circumstance referred to in paragraph 1043M(3) (a) or (b) applied.
View history note
Hide history noteIn proceedings against a person under Part 9.4B (including under section 1317HA ) relating to a contravention of subsection 1043A(1) or (2) , the court may relieve the person wholly or partly from liability if it appears to the court that:
(a) in any case - the circumstances in any of the sections referred to in subsection 1043M(1) applied; or
(b) in the case of subsection 1043A(1) - the circumstance referred to in paragraph 1043M(2) (a) or (b) applied; or
(c) in the case of subsection 1043A(2) - the circumstance referred to in paragraph 1043M(3) (a) or (b) applied.
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